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WorldPosted at: Dec 3 2016 10:28AM


Chinese policymakers closely watching capital flows, market changes - Finmin official

BEIJING, Dec 3 (Reuters) China's policymakers are closely watching market changes and capital flows, vice Finance Minister Zhu Guangyao was quoted as saying on Saturday.
Zhu said that China will "unswervingly" push forward reforms including the internationalisation of the yuan, but it will also keep a close eye on market changes and capital flows, state-owned China News Service reported on Saturday.
Zhu said he "basically agrees" with market forecasts that the U.S. central bank will tighten monetary policy at its meeting in December by raising rates by 0.25 percent, which would mean heightened capital outflows for all markets, including China.
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